Clearbridge Investments LLC Trims Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Clearbridge Investments LLC lessened its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,867 shares of the company's stock after selling 7,468 shares during the quarter. Clearbridge Investments LLC's holdings in Coca-Cola FEMSA were worth $6,065,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in Coca-Cola FEMSA by 43.3% during the third quarter. HighTower Advisors LLC now owns 4,844 shares of the company's stock worth $428,000 after purchasing an additional 1,464 shares during the period. Wexford Capital LP raised its position in Coca-Cola FEMSA by 13.8% in the 3rd quarter. Wexford Capital LP now owns 122,930 shares of the company's stock valued at $10,906,000 after purchasing an additional 14,938 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Coca-Cola FEMSA by 44.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,311 shares of the company's stock valued at $825,000 after buying an additional 2,865 shares during the period. National Bank of Canada FI grew its position in shares of Coca-Cola FEMSA by 54,847.8% during the third quarter. National Bank of Canada FI now owns 25,276 shares of the company's stock worth $2,242,000 after buying an additional 25,230 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Coca-Cola FEMSA during the third quarter worth approximately $361,000.

Analyst Upgrades and Downgrades

KOF has been the subject of a number of recent research reports. StockNews.com downgraded shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 2nd. Barclays lifted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $104.00.

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Coca-Cola FEMSA Stock Up 1.9 %

Shares of NYSE:KOF traded up $1.73 during trading on Tuesday, hitting $91.13. 29,394 shares of the company were exchanged, compared to its average volume of 188,782. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm's 50 day moving average price is $86.24 and its 200-day moving average price is $83.28. The stock has a market capitalization of $153.16 billion, a P/E ratio of 15.47, a PEG ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. On average, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.